Market Ticker

Translate

Monday, September 29, 2008

Oil falls below $104 on bailout concerns

Oil falls below $104 on bailout concerns --September 29, 2008

Oil prices fell Monday in Asia to below $106 a barrel on concern that economic growth will slow across the globe despite a tentative agreement in Washington on a $700 billion bailout package to stabilize the U.S. financial system. Light sweet crude for November delivery was down $1.67 to $105.22 a barrel in electronic trading on the New York Mercantile Exchange by mid afternoon in Singapore. The contract fell Friday $1.13 to settle at $106.89.

In other NYMEX trading, heating oil futures fell 2.59 cents to $2.969 a gallon, while gasoline prices dropped 2.14 cents to $2.6437 a gallon. Natural gas for October delivery fell 8.1 cents to $7.547 per 1,000 cubic feet.

In London, November Brent crude fell $1.52 to $102.02 a barrel on the ICE Futures exchange

No comments:

Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Monday, Jul 14
21:00 6-Month Bill Auction 1 4.125% 4.145%
21:00 3-Month Bill Auction 1 4.245% 4.255%
23:30 BoE's Governor Bailey speech 3
Tuesday, Jul 15
04:31 BRC Like-For-Like Retail Sales (YoY) 2 2.7% 0.2% 0.6%
06:00 Westpac Consumer Confidence 2 0.6% 0.5%
17:30 OPEC Monthly Market Report 1
17:45 Housing Starts s.a (YoY) 1 259.0K 279.5K
18:00 NY Empire State Manufacturing Index 2 -9 -16
18:00 Consumer Price Index Core s.a 1 326.85
18:00 Manufacturing Sales (MoM) 1 -1.3% -2.8%
Economic Calendar >> Add to your site

Best Mutual Funds

Recent Posts

Search This Blog

IPO's Calendar

Market Screener

NSE BSE Tiker

Custom Pivot Calculator

Popular Posts

Market & MF Screener